Learning from history
In May the Bolton institute took 10 members down to Lloyd’s of London for a daytrip.
Philip Roath, motor engineer at Axa Insurance, shares his experience of the day: “Our tour started at Lloyd’s with Nick Plastow from the CII. A modern and functional building, we were told that the strict dress code had been relaxed to reflect this, however we were hard pushed to find anyone actually break the convention. We saw Lloyd’s through the ages, from the old library to the state of the art trading floor where we were enlightened as to how a syndicate works in practice.
“For anyone who doesn’t work there, I think ‘reinsurance for large risks’ is the best way to describe Lloyd’s. They are equipped to handle high value low volume such as aviation, marine, or reinsurance of a book of business for regulatory reasons, or even just to spread the risk. It is very much the opposite of volume motor insurance to the general public. A little like mass and complex. The big insurers do mass and low value, whereas Lloyd’s do complex and high value.”
The Insurance Institute of Southampton streamed their first 2018 CPD seminar live on Facebook.
The Insurance Institute of Exeter has raised a total of £1,200 at its recent 95th annual president’s dinner, with a further £450 being raised in support of the Insurance Charities.
This month’s Knowledge Services looks at the CII’s fact file collection – and offers the chance to win a key insurance law publication...